HomeCrypto NewsMarketTerraCVita Now Offers Technical Support For Hacked LUNC Delegations

TerraCVita Now Offers Technical Support For Hacked LUNC Delegations


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TerraCVita proposes to help hacked delegators recover funds.

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Terra Classic development group and network validator TerraCVita has launched technical assistance to support Terra Luna Classic (LUNC) delegators that have been victims of hacks, per a tweet from the validator today.

Notably, the validator conceded that they might not recover it all.

“We have technical assistance for those with hacked delegations… we cannot promise to save it all, but we can certainly try,” TerraCVita tweeted, directing users to the validator Discord.

It is currently unclear if this service is limited to only LUNC holders who delegate with the TerraCVita validator or if it extends to all LUNC holders. It is also unclear if there has been a recent rise in hacks. TerraCVita has so far not responded to inquiries from community members. However, as confirmed by The Crypto Basic, no such concerns have been raised by other delegators or influential community members.

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Notably, Allnodes launched a similar service for token delegators in November, as reported by The Crypto Basic. Initially called the Anti-Scam Help service, the StakeRecover service promises to allow users to withdraw their delegated assets before malicious actors can do so within the unbonding period. Currently, the service is only available to Ledger, Keplr, and Cosmostation wallet users. 

A New DApp Is Coming To Terra Classic 

In another positive development, TerraCVita tweeted last Thursday that it was working to bring another decentralized application (DApp) to the Terra Classic network in partnership with Unity, a new network validator. 

Notably, the validator is run by a team of DApp developers, per the tweet from TerraCVita. The Unity development team claims to allocate 75% of its rewards to development. Unity currently ranks 67th in the Terra Classic active validators list, with over 445 million delegated LUNC, per data from LUNCPenguins.

In a tweet today, Ivan@Unity (@Ivandoesit), who co-owns the Unity development team, hinted at developing a Lend & Borrow app on the network sharing a homepage interface.

It bears mentioning that the TerraCVita has already rolled out a Casino that has burned at least 1 million LUNC. Seeing a burn mechanism in the Lend & Borrow app will not be surprising.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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